Polaris Q1 Earnings Announcement and Analysis
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 27 2026
0mins
Should l Buy PII?
Source: seekingalpha
- Earnings Release Date: Polaris (PII) is set to announce its Q1 earnings on April 28 before market open, with a consensus EPS estimate of -$0.40, reflecting a 55.6% year-over-year improvement, indicating efforts towards profitability recovery.
- Revenue Growth Expectations: The anticipated revenue for Q1 is $1.64 billion, representing a 6.5% year-over-year increase, showcasing Polaris's solid performance amid recovering market demand, although challenges remain.
- Historical Performance Review: Over the past two years, Polaris has beaten EPS estimates 75% of the time and revenue estimates 63% of the time, demonstrating the company's reliability and adaptability in meeting earnings forecasts.
- Forecast Revision Dynamics: In the last three months, EPS estimates have seen 6 upward revisions and 4 downward revisions, while revenue estimates have also experienced 6 upward and 4 downward revisions, reflecting analysts' differing views and concerns regarding the company's future performance.
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Analyst Views on PII
Wall Street analysts forecast PII stock price to fall
10 Analyst Rating
0 Buy
10 Hold
0 Sell
Hold
Current: 68.240
Low
57.00
Averages
66.67
High
72.00
Current: 68.240
Low
57.00
Averages
66.67
High
72.00
About PII
Polaris Inc. is engaged in the design, engineering, manufacturing and marketing of powersports vehicles. The Company also designs and manufactures or sources parts, garments and accessories (PG&A), which includes aftermarket accessories and apparel. Its Off Road segment consists of off-road vehicles (ORVs) and snowmobiles. Its On Road segment designs and manufactures motorcycles, moto-roadsters, light-duty hauling, and passenger vehicles. Its Marine segment designs and manufactures boats that are designed to compete in key segments of the recreational marine industry, specifically pontoon and deck boats. Its product line-up includes the RANGER, RZR and Polaris XPEDITION and GENERAL side-by-side off-road vehicles; Sportsman all-terrain ORVs; military and commercial off-road vehicles; snowmobiles; Indian Motorcycle mid-size and heavyweight motorcycles; Slingshot moto-roadsters; Aixam quadricycles; Goupil electric vehicles; and pontoon and deck boats, including Bennington pontoons.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Polaris Inc. Declares Quarterly Cash Dividend of $0.68
- Quarterly Cash Dividend: Polaris Inc. has declared a cash dividend of $0.68 per share, payable on June 15, 2026, to shareholders of record as of June 1, 2026, demonstrating the company's commitment to returning value to its shareholders.
- Shareholder Return Strategy: This dividend reflects Polaris's dedication to creating shareholder value amidst stable profitability and cash flow, thereby enhancing investor confidence in the company's financial health.
- Industry Leadership: As a global leader in powersports since 1954, Polaris continues to innovate and provide a diverse range of outdoor adventure products, solidifying its dominant position in the market.
- Global Market Reach: Serving customers in nearly 100 countries, Polaris leverages its iconic brands and high-quality offerings to drive growth and influence in the global market.
See More
Polaris Surpasses Q1 Earnings Expectations with Strategic Military Partnership
- Earnings Beat: Polaris reported a Q1 profit of $0.13 per share, significantly exceeding Wall Street's expectation of a $0.40 loss, with sales growing 8% year-over-year to $1.7 billion and gross margin expanding by 420 basis points to 20.2%, indicating strong market performance.
- Analyst Reactions: Despite six analysts raising Polaris's price targets between $60 and $74, most maintained neutral or hold ratings, reflecting cautious sentiment regarding the company's future growth potential.
- Sales Growth Outlook: Polaris projects flat sales of approximately $7.2 billion in 2026, the same as in 2025, highlighting challenges in achieving sales growth and the need for new strategies to enhance market confidence.
- Military Collaboration Opportunity: Polaris is partnering with Forterra to develop the Mesa autonomous ground vehicle for the U.S. Army, and if successful, this initiative could directly boost Polaris's sales and potentially restore profitability.
See More
Polaris Q1 2026 Earnings Exceed Expectations
- Strong Sales Growth: Polaris achieved an 8% year-over-year sales increase in Q1 2026, with a 14% organic growth excluding Indian Motorcycle impacts, driven by robust demand in utility and commercial sectors, particularly in the RANGER line and snowmobiles, enhancing market competitiveness.
- Profitability Improvement: The adjusted EPS was $0.13, rising to $0.26 when excluding Indian Motorcycle effects; despite a 240 basis point headwind from tariffs, the company improved gross margins by 389 basis points through optimized product mix and operational efficiencies, showcasing strong profitability.
- Inventory Management Enhancement: Significant progress was made in snowmobile inventory, which decreased over 50% from last year, while dealer channel health remained intact, ensuring supply chain stability and enhancing market responsiveness.
- Cautious Outlook: CFO Mack reaffirmed a sales growth expectation of 5% to 7% for 2026 and projected adjusted EPS between $0.70 and $0.80, while facing approximately $215 million in tariff costs, with management adopting a prudent approach to navigate uncertainties.
See More
Polaris Reports Narrower Q1 Loss Driven by Sales Growth
- Sales Growth: Polaris reported Q1 sales of $1.659 billion, an 8.0% increase from $1.536 billion a year ago, indicating strong market demand recovery and laying a solid foundation for future profitability.
- Narrowed Loss: The company recorded a pre-tax loss of $57.7 million in Q1, down 18.7% from a $71.1 million loss in the same quarter last year, reflecting improvements in cost control and operational efficiency, which may attract more investor interest.
- Adjusted Net Income: Polaris posted adjusted net income of $7.5 million, or $0.13 per share, compared to a net loss of $51.1 million, or $0.90 per share, last year, demonstrating significant progress in profitability and boosting market confidence.
- Full-Year Outlook: The company expects full-year sales in the range of $7.15 billion to $7.30 billion, with adjusted EPS of $1.60 to $1.70, a positive outlook that could further drive stock price increases and reflects management's confidence in future growth.
See More
Polaris Q1 Earnings Exceed Expectations
- Earnings Beat: Polaris reported a Q1 non-GAAP EPS of $0.13, surpassing expectations by $0.53, indicating strong profitability despite a reported diluted loss per share of $0.83.
- Significant Revenue Growth: The company achieved Q1 revenue of $1.66 billion, reflecting a 7.8% year-over-year increase and exceeding market expectations by $20 million, showcasing effective demand and pricing strategies.
- Market Share Gains: Polaris experienced market share growth in off-road vehicles and snowmobiles, with total retail sales (excluding Youth) up 1%, while ORV retail sales rose 3%, highlighting enhanced product competitiveness.
- 2026 Guidance Reaffirmed: The company reaffirmed its full-year 2026 adjusted sales and EPS guidance, expecting adjusted sales between $7.15 billion and $7.30 billion and adjusted EPS of $1.60 to $1.70, aligning with market consensus and demonstrating confidence in future performance.
See More
Polaris Inc. Reports Q1 2026 Financial Results
- Earnings Release: Polaris Inc. reported its Q1 2026 financial results on April 28, 2026, with the earnings release available on the company's investor relations website and a Form 8-K to be filed with the SEC, ensuring compliance and transparency.
- Analyst Conference Call: The company will hold a conference call with analysts and investors today at 9:00 a.m. CT, aiming to provide detailed insights into its financial performance and enhance communication with investors to boost market confidence.
- Webcast Access: Investors can access the conference via the webcast link on the company’s website or by dialing designated numbers, ensuring global investors can obtain the latest information and promoting transparency and engagement.
- Brand Leadership: As a global leader in powersports since 1954, Polaris continues to innovate and offer a diverse range of outdoor adventure products, solidifying its market position in nearly 100 countries and demonstrating strong brand influence and industry leadership.
See More
Polaris Inc. Declares Quarterly Cash Dividend of $0.68
- Quarterly Cash Dividend: Polaris Inc. has declared a cash dividend of $0.68 per share, payable on June 15, 2026, to shareholders of record as of June 1, 2026, demonstrating the company's commitment to returning value to its shareholders.
- Shareholder Return Strategy: This dividend reflects Polaris's dedication to creating shareholder value amidst stable profitability and cash flow, thereby enhancing investor confidence in the company's financial health.
- Industry Leadership: As a global leader in powersports since 1954, Polaris continues to innovate and provide a diverse range of outdoor adventure products, solidifying its dominant position in the market.
- Global Market Reach: Serving customers in nearly 100 countries, Polaris leverages its iconic brands and high-quality offerings to drive growth and influence in the global market.
See More
Polaris Surpasses Q1 Earnings Expectations with Strategic Military Partnership
- Earnings Beat: Polaris reported a Q1 profit of $0.13 per share, significantly exceeding Wall Street's expectation of a $0.40 loss, with sales growing 8% year-over-year to $1.7 billion and gross margin expanding by 420 basis points to 20.2%, indicating strong market performance.
- Analyst Reactions: Despite six analysts raising Polaris's price targets between $60 and $74, most maintained neutral or hold ratings, reflecting cautious sentiment regarding the company's future growth potential.
- Sales Growth Outlook: Polaris projects flat sales of approximately $7.2 billion in 2026, the same as in 2025, highlighting challenges in achieving sales growth and the need for new strategies to enhance market confidence.
- Military Collaboration Opportunity: Polaris is partnering with Forterra to develop the Mesa autonomous ground vehicle for the U.S. Army, and if successful, this initiative could directly boost Polaris's sales and potentially restore profitability.
See More
Polaris Q1 2026 Earnings Exceed Expectations
- Strong Sales Growth: Polaris achieved an 8% year-over-year sales increase in Q1 2026, with a 14% organic growth excluding Indian Motorcycle impacts, driven by robust demand in utility and commercial sectors, particularly in the RANGER line and snowmobiles, enhancing market competitiveness.
- Profitability Improvement: The adjusted EPS was $0.13, rising to $0.26 when excluding Indian Motorcycle effects; despite a 240 basis point headwind from tariffs, the company improved gross margins by 389 basis points through optimized product mix and operational efficiencies, showcasing strong profitability.
- Inventory Management Enhancement: Significant progress was made in snowmobile inventory, which decreased over 50% from last year, while dealer channel health remained intact, ensuring supply chain stability and enhancing market responsiveness.
- Cautious Outlook: CFO Mack reaffirmed a sales growth expectation of 5% to 7% for 2026 and projected adjusted EPS between $0.70 and $0.80, while facing approximately $215 million in tariff costs, with management adopting a prudent approach to navigate uncertainties.
See More
Polaris Reports Narrower Q1 Loss Driven by Sales Growth
- Sales Growth: Polaris reported Q1 sales of $1.659 billion, an 8.0% increase from $1.536 billion a year ago, indicating strong market demand recovery and laying a solid foundation for future profitability.
- Narrowed Loss: The company recorded a pre-tax loss of $57.7 million in Q1, down 18.7% from a $71.1 million loss in the same quarter last year, reflecting improvements in cost control and operational efficiency, which may attract more investor interest.
- Adjusted Net Income: Polaris posted adjusted net income of $7.5 million, or $0.13 per share, compared to a net loss of $51.1 million, or $0.90 per share, last year, demonstrating significant progress in profitability and boosting market confidence.
- Full-Year Outlook: The company expects full-year sales in the range of $7.15 billion to $7.30 billion, with adjusted EPS of $1.60 to $1.70, a positive outlook that could further drive stock price increases and reflects management's confidence in future growth.
See More
Polaris Q1 Earnings Exceed Expectations
- Earnings Beat: Polaris reported a Q1 non-GAAP EPS of $0.13, surpassing expectations by $0.53, indicating strong profitability despite a reported diluted loss per share of $0.83.
- Significant Revenue Growth: The company achieved Q1 revenue of $1.66 billion, reflecting a 7.8% year-over-year increase and exceeding market expectations by $20 million, showcasing effective demand and pricing strategies.
- Market Share Gains: Polaris experienced market share growth in off-road vehicles and snowmobiles, with total retail sales (excluding Youth) up 1%, while ORV retail sales rose 3%, highlighting enhanced product competitiveness.
- 2026 Guidance Reaffirmed: The company reaffirmed its full-year 2026 adjusted sales and EPS guidance, expecting adjusted sales between $7.15 billion and $7.30 billion and adjusted EPS of $1.60 to $1.70, aligning with market consensus and demonstrating confidence in future performance.
See More
Polaris Inc. Reports Q1 2026 Financial Results
- Earnings Release: Polaris Inc. reported its Q1 2026 financial results on April 28, 2026, with the earnings release available on the company's investor relations website and a Form 8-K to be filed with the SEC, ensuring compliance and transparency.
- Analyst Conference Call: The company will hold a conference call with analysts and investors today at 9:00 a.m. CT, aiming to provide detailed insights into its financial performance and enhance communication with investors to boost market confidence.
- Webcast Access: Investors can access the conference via the webcast link on the company’s website or by dialing designated numbers, ensuring global investors can obtain the latest information and promoting transparency and engagement.
- Brand Leadership: As a global leader in powersports since 1954, Polaris continues to innovate and offer a diverse range of outdoor adventure products, solidifying its market position in nearly 100 countries and demonstrating strong brand influence and industry leadership.
See More
